Walt Disney Corporation has reported takings of $962 million for its latest film of Alice in Wonderland, helping to power its latest quarterly revenues to $8.6 billion.
Disney has also reported quarterly profits of $968 million, reflecting a profit increase of more than $300 million for the quarter.
These figures could give Vince Cable, the new UK Secretary of State for Business food for thought, as he takes his place in the Ministry of Business, Innovation and skills today. Mr Cable will be responsible for the Digital Economy Act and the implementation of the UK's 3-strikes measures. But with the much bigger problem of getting the economy going, surely support for Disney Corporation's already vast profits should fall to bottom of the pile?
Meanwhile, I wonder what Alice would have made of deep packet inspection? Maybe Disney could use that in a sequel?
Source for Disney' financial results:
Financial Times, Disney’s box-office hit lifts profits By Matthew Garrahan in Los Angeles